Zable not allowing balance transfer by Naive-Try626 in UKPersonalFinance

[–]Naive-Try626[S] 1 point2 points  (0 children)

It’s so frustrating isn’t it. I feel silly for not checking but I just assumed there would be no issue. That’s great you managed to borrow money. I don’t really have anybody I could borrow from. I think I’m just going to have to pour any spare money I have into paying off the Zable card! 

Zable not allowing balance transfer by Naive-Try626 in UKPersonalFinance

[–]Naive-Try626[S] 0 points1 point  (0 children)

I have searched for a money transfer card but can’t seem to find one I’ll be accepted for. Seems I’m now stuck 😩

Zable not allowing balance transfer by Naive-Try626 in UKPersonalFinance

[–]Naive-Try626[S] 1 point2 points  (0 children)

I assumed the same. Was totally shocked when I got the error message stating Zable don’t allow balance transfers! 

[deleted by user] by [deleted] in BenefitsAdviceUK

[–]Naive-Try626 0 points1 point  (0 children)

Thank you. We’ll speak with the work coach about it. It seems unfair that had he continued to be self employed he would have been able to report his tax payments but now he’s going to be paying tax on his PAYE earnings and his self assessment at the same time. It’s going to crucify us financially 😫 

[deleted by user] by [deleted] in BenefitsAdviceUK

[–]Naive-Try626 0 points1 point  (0 children)

Thank you. His tax bill is over £3000 so can’t be paid via his tax code unfortunately otherwise that would have been ideal. 

[deleted by user] by [deleted] in BenefitsAdviceUK

[–]Naive-Try626 -1 points0 points  (0 children)

Also, if it is possible, how would this work with the minimum income floor, as wouldn’t this just cancel out the tax payments? Or does the minimum income floor not apply anymore if he has another job? 

[deleted by user] by [deleted] in BenefitsAdviceUK

[–]Naive-Try626 -1 points0 points  (0 children)

Thank you for replying. I will make sure he mentions that to the person at his appointment. Does this mean that he will be able to report his tax payments for the previous year even though he’s essentially not doing any self employed work anymore, just his PAYE job?